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This Quarter's Sentiment:
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GDP should get some further upside into quarters end for Window Dressing. Notice how Thursday it was green in a sea of red. Yes, oil was up (and is again today), but stocks like GDP that are thinly traded get buyers into the end of a quarter when they have done this well up to now this year. Stick ...
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GDP is still one of my favorite oils here and I still think $100s is a gimme, particularly with earnings coming up this month. THis thing is a very volatile beast, so you need to have a loose stop and not overdo it. Trail it as it makes its way to $100s.
Michael "Waxie" Parness
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GDP - Love the nice pullback on GDP, still say it sees $100s shortly. Post Window Dressing it made sense for stocks like GDP to retrace a bit. There's now two ways to play this from the longside. Here on the drawdown, or wait for it to break the all-time highs and play that breakout in the $80s. Or...
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GDP is a TOTAL ANIMAL! This is a stock that still has HUGE upside in my view.I think its buyable on ANY pullback and it should continue to plow to $100s in the not too distant future. Be careful, though, as the pullbacks on these names will be fierce when it occurs, and it will. I would look to loc...
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